Property agents updated on Friargate progress

PROPERTY agents from across the Midlands have been updated on the progress of Coventry’s transformational Friargate regeneration scheme.

The highly anticipated £100m project has courted the regional and national headlines for its broad vision that will not only bring a new business hub to the city but also an attractive, new sustainable built environment that will deliver economic, physical and social benefits.

More than 50 property agents attended a series of events in the Friargate Marketing Suite, from where they could see work on the scheme gathering pace.

Demolition of one of the final buildings, Station Tower, is under way; the new public realm is taking shape and work on the first building – Coventry City Council’s new headquarters which has been designed by architects Allies and Morrison – is about to begin.

In total, Friargate will comprise 25 new buildings that will transform the city and deliver over 3,200,000 sq ft of mixed use development including Grade A offices, two hotels, homes and retail alongside greatly enhanced public realm.

Adrian Griffith, director at Bilfinger GVA, the property agents for the scheme, said: “Friargate will bring first-class energy efficient offices, the first of which will become Coventry City Council’s £40m new home, as well as residential, retail and leisure units all of which will create around 15,000 jobs. This is transformational regeneration at its purest and it was great to show our peers the progress being made and what is on offer for potential tenants.”